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Gene ral Unless the context indicates otherwise, the terms we, our, ours, us, its and the Company refer to SEACOR Marine Holdings Inc. and its consolidated subsidiaries. SEACOR Marine refers to SEACOR Marine Holdings Inc., incorporated in 2014 in Delaware, without its subsidiaries.
Operating margin is thin at 6.02%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 16.0% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$85M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$217M
▼ -16.0% YoY
Net Income (TTM)
-$28M
▲ +64.4% YoY
Op. Margin
5.81%
▲ +9.9pp YoY
ROIC
1.65%
▲ +3.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$74M
▼ -385.2% YoY
Op. Cash Flow (TTM)
-$40M
▼ -254.7% YoY
Net Debt
$290M
Cash & Equiv.
$39M
5Y CAGR: +9.9%
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